The Home Depot, Inc. $HD Shares Newly Bought by TSG Advice Partners LLC

Key Points

• TSG Advice Partners purchased 3,342 Home Depot shares worth approximately $951,000 in the third quarter. Institutional investors collectively own 70.86% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $375.31, despite some firms lowering their targets.
• Home Depot recently reported quarterly earnings and revenue above expectations, while its stock traded at $341.17 and the company maintained a quarterly dividend of $2.33 per share, yielding about 2.7%.

TSG Advice Partners LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,342 shares of the home improvement retailer's stock, valued at approximately $951,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. BlackRock Inc. purchased a new position in shares of Home Depot during the second quarter valued at approximately $28,771,247,000. Bank of America Corp DE bought a new position in shares of Home Depot during the second quarter valued at approximately $5,780,468,000. Bank of New York Mellon Corp purchased a new stake in Home Depot in the second quarter worth $2,777,396,000. Corient Private Wealth LP purchased a new stake in Home Depot in the second quarter worth $390,913,000. Finally, Legal & General Group Plc purchased a new stake in Home Depot in the second quarter worth $1,953,883,000. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the transaction, the executive vice president directly owned 14,061 shares of the company's stock, valued at $4,622,834.97. This trade represents a 14.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael F. Rowe sold 710 shares of Home Depot stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares of the company's stock, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,829 shares of company stock valued at $3,339,314 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on HD. Truist Financial lifted their price target on shares of Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Stifel Nicolaus decreased their price objective on shares of Home Depot from $346.00 to $322.00 and set a "hold" rating for the company in a report on Monday, October 26th. Melius Research set a $397.00 target price on shares of Home Depot in a research report on Tuesday, October 6th. Wells Fargo & Company lifted their target price on shares of Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday, August 11th. Finally, TD Cowen reiterated a "buy" rating on shares of Home Depot in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $375.31.

Home Depot Trading Up 3.6%

NYSE HD opened at $341.17 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63. The firm has a market capitalization of $340.38 billion, a PE ratio of 23.87, a P/E/G ratio of 2.26 and a beta of 1.00. The stock's 50 day moving average is $308.56 and its 200 day moving average is $334.72.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot's payout ratio is 65.22%.

Home Depot Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.